List of Security Bank House Loan Requirements
SECURITY BANK HOUSE LOAN REQUIREMENTS – Here is a list of the eligibility qualifications and as well as the requirements in applying for Security Bank Home Loan.
Do you want to have your own home but you do not have the money for the down payment for a house and lot? There are many things that you can turn to and one of them is the loan offer of Security Bank.
A lot of people have actually acquired houses and residential properties through home loan offers of certain banks.
Security Bank offers home loan, personal loan, car loan, and employee loan. In this article, we will focus on the loan that serves the purpose of house and lot purchases.
Among the initial things to check for when it comes to loans are the eligibility qualifications and the documentary requirements.
Based on the official website of the bank, here is the list of the eligibility qualifications for Security Bank House Loan:
The applicant must be…
- 21 years old and above but less than 65 years old
- an earner of a combined monthly income of at least Php 50,000.00
- a regular employee of a company for at least two(2) years on the day of the application (For employed applicants)
- operating a profitable and legal business for at least three(3) years already on the day of the application (For self-employed applicants)
Documentary Requirements in Applying for Security Bank House Loan
For Employed Applicants (Local):
- Completely filled out and signed application form
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
- Any ONE of the following income documents:
- Latest Certificate of Employment and Compensation
- Latest Income Tax Return
- Latest 3 months Payslips
- Latest 3 months Bank Statements
For Self-Employed Applicants:
- Completely filled out and signed application form
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
- Income Tax Return (1701 for sole proprietary owner; or 1702 for Corporation)
- Any ONE of the following income documents:
- Audited Financial Statements (Latest 1 year)
- Bank statements (Latest 3 months)
- Lease/Rental Contracts
For Corporate Applicants:
- Completely filled out and signed application form
- Company profile: background, owners, key officers
- SEC Registration and General Information Sheet
- Bank Statements (latest 3 months)
- Income Tax Return (1702 for Corporation) with Audited Financial Statements for the past 3 years
- Suppliers contact info (with average monthly transactions)
- Customer’s contact info (with average monthly transactions)
- Authorization letter (for bank, business and trade checkings)
- Mortgage Redemption Insurance (MRI) Application Form
- Relevant collateral documents (Section E)
For Overseas Filipino Worker (OFW) Applicants:
- Completely filled out and signed application form
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/ signatories of the loan
- Any ONE of the following income documents:
- Certificate of Employment with compensation (issued within the last 6 months)
- Latest Crew Contract (for seafarer/seaman)
- Latest Employment Contract (for land-based OFWs)
- Allotment Slip
- Latest 3 months payslip; OR bank statement for past 3 months
Thank you for visiting our website. We hope we have helped you with regards to your loan application to Security Bank. You may keep coming back for more informative guides.
